Bitcoin Trades 3.2% Lower as U.S. Stocks Slide and Treasury Yields Ease

Bitcoin (BTC) was down 3.2% over the 24 hours through 7:25 p.m. ET (23:25 UTC) on Oct. 29, while U.S. stocks fell and Treasury yields eased. A price snapshot at that time put BTC at $78,683. The Nasdaq fell 1.5%. Alphabet shares lost 12% after disappointing results, and ServiceNow shares sank 23% after the company fell short of forecasts. Microsoft slipped about 1% despite beating estimates. The 10-year Treasury yield declined seven basis points to 4.98%, while the two-year yield fell 7.5 basis points to 4.66%.

Source: TokenPost